Lifestyle Expense Planning

Planning on any of the following expenses; buying a car, holidays, education costs, house deposit, renovations, wedding?

From time to time, we all have these large expenses, planned or unplanned. But, planning for these expenses is essential.

At Total Wealth Management, we can assist you to manage your cash flow (income and expenses) so that you can not only reach your financial goals, but also your personal goals and help you to select the most appropriate funding mechanism for those planned large, one-off expenses.

Funding strategies to be considered may include:

  • Regular savings plan
  • Obtaining a loan
  • Tax effective education investments
  • Withdrawing from your investments or superannuation
  • Increasing the income or taking a lump sum payment from your retirement income stream